Cresa with new regional office in Poland

Tenant-only commercial real estate firm Cresa has opened an office in Kraków, which is the company’s fifth location in Poland. Apart from Kraków, Cresa – which entered the Polish market last year – is also present in Warsaw, Wrocław, the Tri-city and Łódź. The Kraków office of Cresa is located in th...

Anchor tenant stays and expands in Szczecin’s Maris

IT company intive has signed a new long-term lease agreement for space in the Maris office building in downtown Szczecin and taken up an additional more than 400 sqm in the property, which is owned by Arcona Property Fund. The tenant will now occupy a total of almost 2,700 sqm in the location. The s...

Locked content Unimot prelim. Q2 EBITDA loss at PLN 8.3 mln

Fuel trader Unimot preliminary revenue in Q2 rose to PLN 843.8 million from PLN 758.2 million a year ago. EBITDA turned to a loss of PLN 8.3 million versus positive EBITDA of PLN 7.6 million in Q2 2017. EBITDA result was negatively affected by an unfavorable situation on the LPG market – lack ...

Locked content Portuguese watchdog approves Stemlab acquisition

The Portuguese Office of Competition Protection (Autoridade da Concorrencia) gave consent to the acquisition of Stemlab by Polski Bank Komórek Macierzystych (PBKM), PBKM said on Friday. In mid-July, PBKM announced the acquisition of majority stake in the Portuguese Stemlab for €16.5 million (around ...

Locked content Poland lacks about 20,000 elderly care positions

There are not enough caretakers of the elderly in Poland – around 20,000 are missing – and this problem will grow every year due to the rapid aging of the population, experts say. According to forecasts by the Ministry of Family, Labour and Social Policy (MRPiPS), the number of people ag...

Locked content Polnord dismisses Dariusz Krawczyk as CEO

Dariusz Krawczyk was dismissed as Polnord’s Chief Executive Officer on Friday, the company declared in a statement. Marcin Mosz was chosen by the supervisory board as acting CEO for a period of up to three months. Piotr Woźniak was appointed to the management board also for no longer than thre...

Locked content PiS at 36% and PO with 26% support – Kantar Public poll

According to the latest poll conducted by Kantar Public, if elections took place now, 36 percent of Poles would vote for ruling Law and Justice (PiS), while 26 percent would vote for Civic Platform (PO). PiS support grew by two percentage points compared with last month, while PO’s support wen...

Locked content Stelmet prelim. 9-month net profit at PLN 16.4 mln

Garden furniture producer Stelmet reported preliminary revenue for 9 months of FY 2017/2018 at PLN 434.3 million, a 2.3 percent increase y/y. EBITDA rose by 17.4 percent to PLN 56.4 million, and net profit dropped by 30.8 percent to PLN 16.4 million. EBITDA margin grew to 13 percent from 11.3 percen...

Locked content Write-downs and reserves will affect Idea Bank results

Idea Bank made write-downs for a total of PLN 190 million and created reserves for PLN 128 million that will affect the bank’s Q2 results. After these corrections Idea Bank’s solvency ratios will temporarily go below the levels indicated by the Polish Financial Supervision Authority KNF,...